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SmartCentres Real Estate Investment Trust (SRU-UN.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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26.44+0.49 (+1.89%)
At close: 04:00PM EDT

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  • G
    GreenMarty
    At a 7% yield, you'll be doubling your money every 10 years. 72/7
  • J
    Jonathan
    Great buy in points. Markets won't stay like this forever.
  • S
    Sean C
    come on $23
  • D
    Derrick
    Im not trading this ...im starting a long term investment.
  • M
    Matthew
    $3000 for $16 per month they say
  • D
    Derrick
    Lots cheapies.
  • T
    Taxman is due
    If you read my other posts the interest rate will have a profound effect on new development. Smartcenters is late to the game of redevelopment of existing properties. Rates will increase costs for both developers and retailers. New developments cost will dramatically increase and sale prices of condos will stagnate and continue to drop. Other developers have been smarter and redeveloped and re merchandised 16 months ago. Existing merchants are looking to reduce rents this includes big box economy sellers.
  • P
    PARAM
    next buy offer @ $24.75
  • D
    Derrick
    Need let ukraine join nato. Imo. This is shameful.
  • B
    Bilaal
    Wdf is going on
  • J
    Jonathan
    I love this stock. Love seeing packed parking lots whenever i drive by smart centres.
  • L
    Lance
    I purchased this over 3 years ago now. I will probably never get back to my purchase price, all that said, the steady stream of dividends is quite nice.
  • B
    Boomer
    I suspect that the CFO leaving has something to do with this missing net asset value on this past quarters earnings which is highly unusual.
  • B
    Boomer
    So back to paying out over 100% with 2% lease spreads in an 8% inflationary environment. No wonder avg lease rates are the same they were in 201
  • T
    TWF inc
    97.4% occupancy... lol, Who actually believes that number is true?.... Does anybody here actually realize how they fudge the numbers using PUD ?? boomer does, taxman does... anyone else?? Or everybody just sees flowers and rainbows..... how about inflation and zero rent growth... doesnt affect them??
  • D
    Derrick
    Why cfo trans.
  • g
    gabriella
    what is happening why is it going so low
  • K
    Kenneth
    SRU.UN is here for the Long Term,
    it has great businesses tenants (Walmart, Canadian Banks, Drug stores, etc..) and survived the pandemic with keeping its dividends intact. It's 100% better then its main comparison Ticker: RIO | RioCan
    (which lied to investors and had to cut its dividend by HALF),
    and other Canadian REITS (I'd argue GRT.UN is still better then SRU though).

    1 thing people need to understand is that this company/REIT won't make you tons of cash in a few months, it will slowly grow and expand from there, likely, raising its dividends with it. For now this is literally the definition of an "Income Stock". Enjoy the dividends but that's it till news or something develops.

    Why do I say this?

    SRU.UN is currently building Apartments, Senior living, and expanding aggressively into residential thanks to the extra space it has around its shopping centers (meaning they literally don't have to pay for the land as they already own it). This will help it easily skyrocket and continue to pay a growing dividend to investors as people are still moving to Ontario and other major Canadian cities. Once the construction is complete we should expect minor growth to dividends and the stock price.

    Position in SRU.UN:
    50 Shares - Avg. $28.80
  • m
    mustafa
    Guys a lot of confusion around payout ratio... the way to see if dividend in a REIT is safe is different from typical stocks due to the nature of the vehicle... you need to look at FFO ratio which considers operating income and dividend ... currently the company pays 72 cents for every dollar in operating income as dividend and the remaining 28 cents is for growth ... so yes your dividends are safe and the company h e been increasing the dividends for last 6 years and did not cut the dividends during pandemic... also, it’s tenants are considered essential businesses . With new rollout of vaccine that’s a keeper!!!